Chip Giant Guides to 7% Third Quarter Revenue Increase

Intel Corp. provided evidence that a recent pickup in personal computer sales should continue, undercutting fears about a long-term threat from tablets.

The Silicon Valley chip maker on Tuesday said it shipped a record number of microprocessors in its second quarter, posting a 40% jump in profit in line with an increased June forecast. Intel predicted another jump in revenue in the current quarter, with gross profit margins also...